By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Bangladesh prime minister Sheikh Hasina resigns as protests escalate
News

Bangladesh prime minister Sheikh Hasina resigns as protests escalate

News Room
Last updated: 2024/08/05 at 6:38 AM
By News Room
Share
3 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Bangladesh’s Prime Minister Sheikh Hasina has resigned, a senior military official has said, after thousands of protesters descended on the capital demanding her ousting in a dramatic culmination of weeks of demonstrations.

Bangladesh army chief Waker-Uz-Zaman said in a televised address on Monday that the military would begin talks to form an interim government.

Sheikh Hasina, who has ruled the country of 170mn for a total of two decades, has faced growing popular anger. She was re-elected to a fifth term earlier this year after authorities rounded up thousands of members of the main opposition party, which boycotted the vote.

Student protests that started last month against a job quota system have escalated into a broader uprising against Sheikh Hasina after a crackdown by authorities, killing as many as 300 people.

Almost 100 people were killed over the weekend alone as protesters clashed with police and supporters of Sheikh Hasina’s Awami League party. Demonstrators on Monday defied a military-backed curfew, marching on Dhaka, the capital, and storming her residence after she fled, according to local media.

The daughter of Bangladesh’s independence leader Sheikh Mujibur Rahman, Sheikh Hasina presided over the world’s eighth-most populous country with an increasingly autocratic hand.

Police use tear gas to disperse student protestors in Bangladesh on Sunday
Hundreds of people were killed when authorities cracked down on the protests © AFP via Getty Images

Her government backtracked on the quota scheme, which reserved a third of government jobs for family members of veterans of the country’s 1971 independence war with Pakistan — after facing mass resistance. But the protests, supported by students and ordinary citizens, had by last weekend expanded into a broader movement demanding Sheikh Hasina’s resignation.

“We call upon the free world, the United Nations and in fact the world as a whole to immediately support our one-point demand, which is the resignation of Sheikh Hasina,” Abdul Kader, convener of Students Against Discrimination, declared in a statement released ahead of Monday’s mass protests.

Witnesses in Dhaka said large crowds confronted security forces as thousands poured into the capital.

Her resignation will be a blow to the government of neighbouring India, south Asia’s largest economy, whose leader Narendra Modi valued Sheikh Hasina as a crucial ally.

Bangladesh is also the world’s second-largest garment exporter, and a critical low-cost manufacturing centre for western brands including Walmart, Primark and H&M.

“It’s a fork in the road for Bangladesh,” Sayem Faruk, an entrepreneur taking part in Monday’s protests, told the Financial Times by telephone.

Read the full article here

News Room August 5, 2024 August 5, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
US stocks post biggest monthly rally since 2023

Stay informed with free updatesSimply sign up to the US equities myFT…

Trump says he will double tariffs on US steel imports to 50%

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Elon Musk ‘not really leaving’ the US government, says Donald Trump

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Jamie Dimon warns US bond market will ‘crack’ under pressure from rising debt

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Emmanuel Macron calls for European and Asian ‘coalition’ during US-China tension

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

- Advertisement -
Ad imageAd image

You Might Also Like

News

US stocks post biggest monthly rally since 2023

By News Room
News

Trump says he will double tariffs on US steel imports to 50%

By News Room
News

Elon Musk ‘not really leaving’ the US government, says Donald Trump

By News Room
News

Jamie Dimon warns US bond market will ‘crack’ under pressure from rising debt

By News Room
News

Emmanuel Macron calls for European and Asian ‘coalition’ during US-China tension

By News Room
News

Why doesn’t government work in the US?

By News Room
News

NatWest returns to full private ownership 17 years after £46bn UK bailout

By News Room
News

US goods imports tumble 20% in April as Trump’s tariffs disrupt trade

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?